Sep 18, 2020 Guest(s): Ronald-Peter Stoeferle Managing Partner, Incrementum
Gold's current consolidation period is helping to remove some froth from the market, letting sentiment catch from the strong momentum seen this past summer that push prices to $2,000 an ounce, according to one fund manager.
Although gold is caught in a trading range between $1,900 and $2,000, Ronald-Peter Stoeferle, managing partner of Incrementum and an author of the annual In Gold We Trust report, said that it is only a matter of time before prices push higher.